The company brings in about $13 million in sales per hour.
Facebook, Instagram and WhatsApp went dark Monday—bringing the economic engine of Facebook, Inc. to a halt.a little more than five hours later. So how much damage did that do to Facebook?
Here’s a back-of-the-envelope estimate: about $65 million. To get there, I reasoned that since Facebook brought in $29.1 billion in revenue during the second quarter, it’s collecting about $970 million a month in sales. About $313 million per day—or roughly $13 million per hour. on CEO Mark Zuckerberg’s personal figures. As Facebook stock slid 4.8% in trading Monday, Zuckerberg’s fortune declined by $5.9 billion.
Facebook’s mighty business model, the one capable of generating almost a billion dollars a day in revenue, will be shoved into the spotlight by Congress Tuesday morning. Facebook whistle-blower Frances Haugen, a former product manager at the company, will testify before a Senate subcommittee and that Facebook ignored internal research about how its platforms promote toxic content and harm their users.
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